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Thailand Considers Law Revisions to Attract Foreign Real Estate Investment
The tax area is certainly a little blurred. When capital gains is discussed in DTAs there doesn't appear to be a differentiation between investment RE versus the sale of one's own home. My Thai wife are looking to move to Thailand and navigating the tax aspects is a challenge. I need to sell my house here to buy a house, and other things such as a vehicle, new furniture etc. I can not afford to do this if I'm to pay a large tax on the money I get for my house in Australia (Australian tax laws do not require home owners to pay capital gains on the sale of their own homes). I will become a resident of Thailand for tax purposes as I plan to reside permanently in Thailand on a Marriage Visa. Understand, I'm not the typically rich westerner that most Thais envisage. -
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UK Pensioners in Thailand Face New Scrutiny Over Pension Fraud
Yes Trans thats what the DWP say, but they can say anything they want. The state pension is not a benefit, it is an entitlement which has been paid for. Although the UK government steals these annual increases from us, they cannot truthfully say they are a benefit, but when is the UK government ever truthful? -
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Thailand Considers Law Revisions to Attract Foreign Real Estate Investment
Regarding Leasing Land. Who is the land owner? They can put terms in the lease like no architectural changes, changes require Owner approval. The owner could also put terms like upon the death of the owner the lease is voided 1 year after death. What are the terms for any changes or structures on the land? I build a 10 million Baht house. 30 years later lease expires do I lose my 10 million Baht investment? Been in Real Estate long enough. Make very sure you fully understand the Land Lease terms, if it is transferable upon your death (Remaining years can be used by a benefactor) What happens with the Investment into the land (business, farming, house) at lease termination. Make sure your plans for use upon the land are detailed and clearly, legally written to hold up in court. Thailand should understand if experienced Real Estate Investors are few it can be the value, effort, uncertainty, or area does not meet their Profit Goals.- 1
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Official: Trump Nominates RFK Jr. for Health Secretary
He wants government to collapse, that's the Project 2025 manifesto. -
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UK Pensioners in Thailand Face New Scrutiny Over Pension Fraud
Yes, many supposed sightings over the years. But they never found him as he jumped in to the sea from the Newhaven to Dieppe ferry. -
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Student Drowns After Skipping Class to Swim in Public Pond: Roi Et
Many (most) Thais cannot swim. Not many (most) primary schools offer swim lessons unfortunately. This incident was avoidable. -
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Trump wants Gaetz as AG,Maga Loves it
I'm not surprised MAGA love it. The House Ethics Committee received testimony from someone who claimed to have witnessed former Rep. Matt Gaetz (R-FL) engage in sexual misconduct with a high school girl, ABC News reported Friday. This follows a development earlier in the week when the attorney for a woman who claims she and Gaetz had sexual contact when she was 17 — beneath the age of consent in Florida — called on the House Ethics Committee to release its report on the matter, which is expected to contain further damning information. https://www.rawstory.com/matt-gaetz-witness/ -
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Thai wife, US brokerage
Apparently not, if I understand correctly. You set up the beneficiaries on each account, setting wife to 100%, giving the brokerage instructions for disposal of assets. We do have our downloaded DIY will, signed by a couple witnesses. Unfortunately local government office refused to register a foreigner will. Do retirement accounts pass through probate? NO, as long as the beneficiaries are properly designated. Keep in mind that if the will stipulates anything about such accounts, the named beneficiaries take precedence over the will and the assets will be distributed to the named beneficiaries on the accounts. https://www.fidelity.com/life-events/estate-planning/asset-strategies/retirement-accounts
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